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exchanges, and perhaps get out of this ideowhrojical foreign policy so that we can move to sort of the latin left 3.0, the 1.0 was probably fidel in cuba which i think pretty much went out of, you know, it's been superseded. the second wave is probably hugo chavez. but i think the latin left needs to progress towards a third phase. so perhaps if you combine all of these measures the more innovative social measures and perhaps adherence to more environmental climate change concerns, then the bolivarrian revolution can continue and influence the wider region. >> charlie: many people think that there's little resemblance between chavez and bolivar. >> well, yeah, i think that chavez always made these historical illusions to simon bolivar. i think it was a little bit over the top sometimes. but simon bolivar resonates in venezuela. he united the country. throughout much of the 19th century venezuela was divided politically. you had these regional leaders and the 20th century was dominated by military dictators. venezuela harks back to them and that resonates quite a lot symbolically. that's why
. so these issues should be seen as, it ties in with other foreign policy agendas. tom, now at georgetown university, has written very adequately on foreign policy and religious freedom. >> i think we have time for one more question. perhaps in the front row here, we have a hand. we have a microphone, microphone approaching, approaching. and we'll have just a moment left. >> hi eric and all of you. i was the president of the first north korea freedom coalition. i just wanted to mention something about the state department, kind of a little history. just, we have an infiltration of islamist sympathizers. and i'm actually concerned about that. [inaudible] just something broke yesterday. john kerry's son-in-law, which didn't come out in the vetting process, his son-in-law is an iranian. and iranian americans with very close world is in iran. and that is, it's a breakdown of the vetting process. and so i will ask you all, are you concerned about this? >> i would have to know more about the iranians. most iranian americans of course our strong opponents of every regime i don't kn
the foreign- policy support. famously, they both worked to speak harsh truths about the unsustainability of the soviet union, something that coincided with the implosion of the soviet union under its own contradiction. some conservatives will tell you it was almost sort of like moses parting the red sea. they tear it all down. i don't think it was quite that. but clearly the truth telling to the soviet union was not a relevant and gave enormous hope to dissidents working behind the eastern block. domestically, they had a tremendously important impact on each other. they were both trying something, not identical but something very radical that was a kind of break with the economic policies and domestic policies of the past. the fact they were not isolated, that they could support to -- point to someone else on the other side of the ocean in charge of the important country who was doing the same thing, that make quite a difference, i think. you can see in the tributes paid to lady thatcher that people who work closely with president reagan said it made a difference. there is this impressiv
overseas. in terms of our foreign policy. if we need to keep doing that and we have to keep doing it. we have to tell the american people how bloody and how long this war is going to be. this has nothing to do with gender equality or elections. it has to do with waging war against people believe to be interfering with their land and their faith. lou: thank you both for being with us. >> thank you, sir. lou: up next, the markets recover after yesterday's massive sell-off. we will show you why here next. ♪ @ ♪ lou: stocks recovered from the biggest 1-day sell-off of this year on encouraging news on housing. joining us now, a senior u.s. economist for deutsche bank securities. this is a pretty impressive performance today. is it convincing enough hat we are going to see more strength on the days ahead? >> it certainly has been impressive as a performance. i think a lot of the movement we saw today was just to recover from the massive sell-off yesterday when the news of the tragedy in boston struck. stocks went into a sharp nosedive. the news that it was a relatively limited event
. and yet promoting human rights isn't a foreign policy, and it's not a foreign policy priority simply because it's the right thing to do. it's time to our own security. it's tied to the possibilities of prosperity and of nations living by rule of law and of nation's living in peace. countries where strong human rights prevail our countries where people do better, economies thrive, rule of law is stronger, governments are more effective and more responsive, and they are countries that lead on the world stage and project stability across their regions. strong respect for human rights isn't merely an indicator that a country is likely doing well. it actually unleashes a countries potential, and it helps to advance growth and progress. so i ask you just to think of the country like burma for a minute. because of steps towards democratic reform and stronger human rights protections, a country that had been isolated for years is now making progress. as it reached where we wanted to be? know, but it's on the road. it's moving. and more people are contributed economy and participating in the
's investment in foreign-policy is national security insurance. there is nothing foreign about foreign policy anymore. smartcan make the small,. w vestments upfront and avoid more costly conflicts and greater burdens down the road. , we'vepast few months seen developments underscore the state -- stakes for having a strong and -- strong american presence in the world. that was a positive step toward stability in the volatile region of the world where we need partnerships. the committee is more than immersed in suyyruiaia. we have treated millions to humanitarian relief -- we have provided millions to humanitarian relief. i expect we will talk about syria somewhat today. having returned from beijing and north koreathe issue took center stage, we are reminded once again that america is the guardian of global security. we should be proud of that. one not turn our back on keys nor will we hesitate what we need to do to defend our allies. if budget is an analyst patient of our values and priorities -- this budget is an illustration of our values and priorities. i have a record of wanting to do defi
remarkable. i read sometimes left-wing authors who think america's foreign policies this steaming economic thing to grab every spare penny anywhere to be found in the world. that's implemented by certain aspects of our policy at the state department and the diplomats generally are quite insistent on this vote they assume america has the strongest economy in the world and always will have the u.s. does need to maintain serious commercial services the way foreign countries do that promote or exports abroad. they sort of do but there is no comparison to other nations which view protecting their export interest as a key goal of their diplomats abroad so yeah you're basically right on that. >> hi. it's nice to see you. my question is concerning foreign american investments. so in her book -- claimed that between 1988 to 2008 the u.s. government took nearly 2000 proposal applications for business in the united states so as you know the government can give more tax revenue so do you support full investment and what do you think about it? thank you very much. appreciate it. >> okay. the standing i
of charges that becomes a big foreign policy problem. that's one of the reasons why the state department was so opposed to the waterboarding under colin powell. >> exactly. to have it labeled -- so then you get into the territory of were crimes committed? and what kind of future implications there are for that. >> briefly, before i let you go. we do want to talk about it in more detail, the book. the appreciate now to move the program from the cia back to where many say it afc belonged in the military where there could be more oversight. what you've uncovered is the extent of secret relationships with pakistan, things that have never been reported, never been revealed, i guess, to other than the intel gens community? >> i think when you look at the history of the secret war since 9/11, there's so much that's gone on in the shadows that we have not known about and not certainly told to the public or told to congress. as you said, pressure is building to become more transparent. president obama set in the state of the union there would be more transparency, and we'll see what happens. >> t
them use versal rights. yet, promoting human rights isn't a foreign policy. it is not a foreign policy priority because it is the right thing to do. it's tied to our own security. it is tied to the possibilities of prosperity an nations living by rule of law and of nations living in peace. countries where strong human rights prevail are countries where people do better. economies thrive, rule of law are stronger, governments are more effective and they are countries that leade wod stage and project stability across their regions. strong respect for human rights isn't just an indicator that a country is doing well, it unleashes a country's potential and helps to advance growth and progress. i ask you to think of a country like berma for a minute. cause of steps towards democratic reform and stronger human rights protections a country that has been isolated for years is now making progress. has it reach wrd we want it to be? no but it is on the road and it is moving. more people are participating it ding to faster growth and development. by starting to embrace universal rights the bermes
rights foreign policy. it is not a foreign policy priorities and because it is the right thing to do. it is tied to our own security. it is tied to the possibility of prosperity and nation's living by rule of law. countries were strong human- rights prevail are countries where people do better. economy strive, rules of law are better. there are countries that lead on the world's station project stability across the regions. strong respect for human rights is not merely an indicator that the country is likely doing unleashes a country's potential. it helps to advance growth and progress. of a countrythink like burma for a minute. because of its steps towards democratic reform, a country that has been isolated for years is now making progress. has it reached for rwanda to be? no. but it is on the road. it is moving. more people are contributing to the economy and participating in the government, leading to faster growth and development. by starting to embrace universal rights the government is opening the doors to a stronger partnership with their neighborhood -- with their neighborhoo
issues in difficult american foreign policy. when do we get involved in an atrocity going on within someone else's country. that's a very tough question. would we have intervened in germany in 1938 if we knew what was going on. i think we all like to say we we d have and if we could, would have stopped it. it presupposes and the implication is we have a right do that anywhere in the world if there's an atrocity going on. that a u reflect on little bit? >> thank you, senator. defined one t significant kpant issue -- of militaryal basis intervention in the country. certainly every nation has a themselves in t their own history of self-defense. but to answer your question, you of the dimensions of his that you laid out, as did amplify on psey who cuts back ations and on the quell, when do we do this. what basis? we canthere a frame work follow? y answer is you start with the realities. these are both imperfect different situations. out, i dempsey laid think, rather clearly some of he dimensions of each of the countries in that region. self-interest. you have others who have self-inter
this a critical component of his foreign-policy. >> secretary, has been interest expressed in broadening cooperation with the u.s. the on the border. what kinds of new initiatives or programs can we expect along the road? after the 9/11 attacks, secretary kerry, some countries in latin america saw that the relationship with them was put in the back burner for several years. do you anticipate this event in boston could derail your intends to reach out to the region? >> we have agreed to enlarge our agenda. we are going to be talking about initiatives that have to do with high-level engagement. we will be talking and we will find a mechanism to continue to talk in terms of education and research innovation. those issues and the structure around them will be set in the agendas and talks set by president obama. >> the answer is profoundly, yes. i intend to, personally. i had intended to try to travel to the region next week, but because of the events of this week and because of some other things happening, i've had to postpone that temporarily. i will be getting to the region very shortly. p
is a wonderful country, but by the way, it make -- look, if you look at foreign policies, you can see europe is as it is and germany, and ask what we never can do because we have the history of france. italy, for superran integration at well but without france it will never. so, of course i would prefer to have the stronger position of france, but by the way, i am optimistic that they will say -- the are doing a lot of making reforms, as they implemented some -- make a lot of decisions. they would not have -- cut expenditures, deficit by cutting expenses, and relation is two-thirds cutting and one-third -- maybe you can send from one from the negotiation team to palace to help, and overcome the different position. uk would have been better from the very beginning if uk would have combine itself as part of the european continent, but they didn't. but of course, mentioned continental europe. not uk. if you look at -- we have situation -- at if you look at e situation properly, and has to be careful. i think it's -- my -- the more we succeed in our common european -- the sooner uk can join. the
foreign policy. and there's no disagreement about that in my country, that parliament passed last year unsl a policy, a resolution which def the icelandic objectives in the arctic. so together with the other countries, we hope to play a constructive part, and evidence of this was that a few months ago, one of our april civil servants and officials was chosen as the first director general of the secretary of the rctic council. >> the icelandic is coming out of financial turmoil. what would you consider the future of the krona, and are you at all considering any alternative currency for iceland? >> i think it's a positive indication of how we have moved out of the financial crisis, but i can come here to the national press club, and only when six minutes are left, i get that question orkt financial issue. nobody would have believed that four or five years ago. but that is the state of co together again and talk about how we recovered from the financial crisis and how we dealt with the crisis in a different way from many oer countries, how we did not follow the established orthodoxies of
pillar of our 21st century foreign policy. there's no disagreement about that in my country. the parliament passed last year anonymously a policy resolution which defined the icelandic objective in the arctic. so together with the other nordic countries we hope to play a constructive part and evidence of this was that few months ago one of our april servant was the first director general of the secretary of the arctic. >> several currency questions. the icelandic money is coming out of financial turmoil. what would you consider the future of the money? and are you considering any alternative currency for iceland ? >> i think it's a positive indication of how we have all dealt with the financial crisis. i can comment on the national press club only six minutes are left and i get that question. [laughter] of the financial issues. nobody would believe that for a five years ago. without in state of affairs we could perhaps come together again and talk about how we're the financial crisis and how we dealt with a crisis in a different way from many other countries. how we did not
with u.s. foreign policy by including them in the program? >> yes, but i am not in favor of waiting standards to do it. been whatndard has you described, which is a 3% rejection rate. some countries go slightly beyond that because there is not the uniform standard applied by embassies throughout the world. some embassies have more liberal policy with regard to applications. instead of outsourcing decision making, would you like to see in touch with regards to diplomatic and security and economic considerations? >> i would have to review that. there are several established criteria and the act with respect to the current standards. the government provides a reciprocal visa waivers. the government issues secure machine readable passports. the government certifies the program to incorporate biometric identification into their passports. the government reports the thefts of blank passports. that they maintained a low immigrant refusal rate. that they maintain less than 2% projection for travel for non- immigrant applicants. those are the standards and the current law. you guys have the
, but it does seem to me that a good part of north korean foreign policy is based on bluster. and so if that is your strategy, you know, maybe -- it's less important that the rockets really work, or maybe they don't work at all. that's less important than if you can make people -- and perhaps your own population -- think that they work. >> could i -- i think steve has made some very, very apt points. this is rocket science, and it's not easy. if there is any good news in this story, and i use that term advisedly, it's the fact that north korea's industrial capacities to test on a regular basis and so forth are probably very constrained. because you don't see -- i'm not trying to say it has to be totally equivalent to the kinds of program that is we ran or the russians ran, but this is not what i would regard as a true testing program, and it's just not frequent enough, it's not intense enough to quantify. that said, the challenge here is maybe less what the north koreans may believe they have. it may be more what we believe they have and how we respond accordingly. and i must say the
unwavering in her support of president reagan. just the foreign- policy support. famously, they both worked to sort of speak half-truths about the unsustainability of the soviet union, something that coincided with the placing of the soviet union under its own contradiction. some will tell you it was almost like moses parting the red sea. i don't think it was quite that. but clearly, the truth telling was not irrelevant. hope tonor ms. dissidents working behind the eastern bloc. domestically, they had a -- theyusly important were trying something very radical. they wanted a break with the economic policies of the past. the fact that they were not isolated, they could point to someone on the other side of the ocean in charge of this was important. that made quite a difference. you can see in the tributes paid to lady thatcher, people who work closely to president reagan saying it made a difference. he is not on his own. there is an impressive leader in europe who shares his ideas. host: was it vice versa for her in britain? guest: it was. famously, they got along well. but there were differe
that is shi w fight that is also part of what our foreign policy tries to change with the historic rule of law to help with the justice system to create accountability. >> that we're still spending -- sending money if they were stealing and. >> i did not make that decision and i will certainly review any program we are engaged in now and if you have information of what we do now let me know immediately but one thing. all of this that we do senator paul is 1 penny on the dollar. i go through long list of things that we invest in i will give you an example we have stopped countless plots against our country, which had the fbi not cooperated and the cia and other entities and had not worked with the justice system's and interpol and the other things we work with we never would have done it. americans would have died and blown up and but for the discovery of the christmas bomber which came through these efforts we made our country safer. i have to tell you for the penny on the dollar will still ma t men even know yes something is abused just as it is abused of almost evygoernment. >> win the war b
strategic allies like israel and brazil and poland reward for their cooperation with u.s. foreign policy by included in the face or -- visa waiver program? >> yeah, but i'm not in favor of living standards do. i think about to meet the standards and procedures under. spit out another standard has been what you describe, which is a 3% rejection rate as determined by the customs and immigration service. some countries go slightly beyond the cart -- some embassies have a more liberal policy with regard to applications than others do. with that in mind, instead of outsourcing decision-making to the customs and integration service, would you like to see input with regard to diplomatic and security and also economic considerations when these determinations are made? >> i would have to review the. let me just tell you that there are several established criteria in the act with respect to the current standards of the visa waiver. one is that the government provides reciprocal visa waivers. too, that the government issues secured machine readable passports. three, that the government certifies th
overall policy of how is the foreign affairs budget, the state department budget would be prioritize in the entire region as opposed to just focusing on one country since they seem to be working together ever before? >> well, thank you very much, congressman meeks. i am very, very hopeful. i am planning a trip shortly to both colombia and brazil and other countries hopefully as time permits. we've had some issues, obviously, with argentina over some debt issues, repayment, so forth, which we need to work through. but, look, western hemisphere is our back yard. it's critical to us. too often countries in the western hemisphere think that the united states doesn't pay enough attention to them and on occasion it's probably been true. i think we need to reach out vigorously. we plan to. the president will be traveling to mexico very shortly. other -- i can't many countries. he will be going. i will be going, other high-level visits. we'll try to do everything possible to try to change the attitude of a number of nations where we've had obviously sort of a breach in the relationship ove
. and really at the heart of it is the fact that one of obama's enduring legacies when it comes to foreign policy, he has solidified assassination as an essential component of policy. >> they can do it in the shadows, as you pointed out. in the book, i would say there hasn't been a lot of public resistance aside from people like you and others in the press. how have they done this without facing much resistance? publicly or inside the government from people who should be stepping up and saying, wait a minute, we can't kill u.s. citizens without due process? >> right, i think there's no question that if john mccain had won the election in 2008 or mitt romney had won it in 2012 that liberals would be screaming about this stuff and saying, you know, that -- there would be this thing, war crimes, we should do impeachment and the reality is that i think a lot of people -- and i think this is sincere. a lot of people so fed up with the iraq war, perceived as the sort of crimes of the bush administration they wanted it to end and the obama administration has sold people a bill of goods. the idea
families have skin in the game of foreign policy, but if you don't a son or daughter in uniform, husband or wife in uniform, where is your skin in that game when you're not paying for those decisions? and when we make decisions that we don't have to pay for, we make bad decisions. i agree with the president. folks need to pay their fair share. i think we all need to have some skin in the game. folks who make more ought to pay more. folks who make less ought to pay less. but we are all members of the board of directors of the united states of america, mr. speaker. all 320 million of us sit on the board of directors of the united states of america, and yet you ought to have skin in the game when you are making decisions about high this organization runs. how do we create revenue? how do we reduce deficits? how do we make sure folks are paying their fair share? the good news is, mr. speaker, the president's aware of the fair tax. i am not willing to call him a fair tax president. i don't think the president's quite onboard, we are not going to wait on the president to be onboard. we are goi
partner for me in foreign policy but a good friend. >> do you miss her around here? >> i do. she's earned her rest and i know that whatever she does, she's going to be able to continue to be a leader and incredibly positive force for the causes i care about and that she cares about, all around the world. >> the president not able to endorse the vice president. >> who is walking down the hall as you talk to him. >>> let's go to a florida neighborhood that has seen a remarkable turnaround thanks in part to the efforts of one generous man. here's nbc's gabe gutierrez. >> reporter: in the theme park capital of the world, hospitality means big business. >> thank you so much. appreciate it. >> reporter: but to harris rosen, it means much more. >> thank you. >> hospitality really is appreciating a fellow human being. >> reporter: he grew up in the slums of new york, a family of immigrants. now he runs seven hotels in orlando, his self-made success would be remarkable on its own but that's not what he's most proud of. >> came to the realization that i really had to now say thank you. >> reporter:
see canada from my porch. >> a foreign policy expert? this is an opportunity to allow these people to come to the united states and work here and raising that visa is an important part of why this is a pro-growth policy. que from president reaganth a farewell address wherebee ing cn the hill and said that if there had to be city walls, the walls had doors, the doors were open to anyone with the will and hard to get here. this is a good reminder that we have to keep working on this bill and i would wonder if you wanted to comment as to why that was meaningful to you in this context. >> the jack kemp republican position has always been immigrant welcoming. you see this coming stronger both from the business community and from the religious community, communities of faith. i was in a meeting with the head of the republican party in 2000. 10 major trade associations, i was there as the taxpayer guy. they went around the table about what is important. they said do something bad to trial lawyers, capitains between thos project and that the and the chair said thank you very much and got u
right or wrong, you'll never get in trouble. if you want to be critical of foreign policy because you belief, as a citizen -- remember, we have a thing called the constitution. all men are created equal. everybody, at least from the beginning, white, male, 2 1, with property, could vote. since then we've expanded -- well, i'm not being sarcastic because in terms of the world to have any white male who was sovereign, that we were sovereign. the american revolution declared the people sovereign rather than a king or queen. you couldn't have a king or queen taking your land away because they had finch it to you through sovereign rights. so if every citizen has a right to say what they should or should not do in our government, we would think we could respect that, and yet at the very beginning of the iraq war, when susan sarandon and tim robbins spoke out against the war, they had their invitation to talk to the baseball hall of fame withdrawn. and right after that i had a crew from fox news come to my house to interview me, because i don't go to the studios anymore. they want me? they
with pyongyang. the negotiations have been stalled for more than four years. a chinese foreign ministry spokesperson said wu has been invited by his u.s. counterpart, special representative for north korea policy glen davies. the spokesperson said their discussions will focus on maintaining peace and stability on the korean peninsula and keeping it free of nuclear weapons. chinese diplomatic sources say wu is expected to stay in washington from sunday through wednesday. >>> so what do members of the obama administration hope the chinese will do? we asked the director of the brookings institution center for northeast asian policy studies, richard bush. >> china is sometimes able to use its influence to get north korea to the negotiating table. it is less able to use influence to shape north korea's negotiating position, and that's the problem. north korea's goals here and its negotiating stance are dimetrically opposed to those of the united states, japan, and south korea. so the question that ambassador davies will probably be asking ambassador wu is, what evidence is there that north k
with this policy. >>> japanese diplomats have been working with their counterparts from south korea and china to deal with threats from north korea. but territorial disputes and historical issues are getting in the way. south korea's foreign minister canceled a trip to tokyo after japanese cabinet ministers visited a shrine honoring japan's war dead. he wanted to discuss the north korean issue and lay the groundwork for an annual three-country summit. but over the weekend the japanese cabinet ministers paid separate visits to the shrine for its spring festival. prime minister shinzo abe sent an offering. the shrine in tokyo honors japan's war dead including some who are convicted of war crimes. officials with the south korean foreign ministry expressed deep concern and regret in a statement. they urged the japanese government to correctly recognize history and take responsible action. japan's chief cabinet secretary yoshihide suga says the ministers visited the shrine as private citizens. >> translator: every country has a different position. it should not affect bilateral diplomacy. >> as ja
think for the foreign exchange market, it's more a question of policy action. and now, because we're in this limbo, that leaves sterling a little bit of limbo. >> meanwhile, the treasury there is targeting sales of 4 to 5 billion sales in six-month and is 1-month t bills. yes, same with italian yields, as well, michael. are we now at the low point in the cycle for spanish and italian yields? who is going to drive them lower from here and why would you? >> i think the market has seen a lot of liquidity expansion. first from the fed and then lastly from the bank of japan. and combined with the renewed commitment from the ecb to protect the euro, this has depressed yields to these kind of levels. i think it's difficult to see us going dramatically further. and if anything, strategically, we think that the three major problems in europe, the recession, inconsistent crisis management and rising political and social backlash against austerity are likely to come through and that leaves spain and italy very vulnerable to a sharp increase in yields. we're looking, for example, for 10-year
is not an investment but an insurance policy against the collapse of the dollar. when your cost of insurance goes down, it means you're healthier. the chicken little scenario, larry, we run trillion-dollar deficits, borrow half from foreigners, they'll stop lending us money or at least not at low rates and we'll crash. now, that's not going to happen. because of the energy boom, we're going to have the first trade surplus in a generation by 2020, as things are going. and that means we can finance things deficits as far as the eye can see. doesn't mean the economy isn't weak. we will have a deficit. the good news is, our credit is going to be good. the rest will keep lending us money at low interest rates and that's a big plus for the stock market. >> peter schiff, an interesting take that david goldman has used and i've given him a hat tip for it. energy independence, we don't have to import from the saudis other other people, the trade baume' go into surplus. that would be good for the dollar and that in turn would really crush gold. that's a strong dollar, not the volcker way, peter, as you pointed
to him of his reign. his father died in 1944. two years before that, his dad told foreign reporters that his son, kim jung il had been in charge of day-to-day policies for the previous decade. that takes us back to the early 1980's. if you want to get into real inside baseball, north koreaian media was talking about the rise of the party center in the 1970's. party center being eventually debuted as kim jung il. he had about a quarter century of grooming before becoming the king. he had a long time to consolidate authority. with with his hands on the dashbored, he-dived the plane. he was the only -- he more or less destroyed the institutions of party and state. so by the late 1990's and early 2000's there was no correspondence between what the party was supposed to look like and what the cabinet and state system was supposed to look like and the way he was operating the government. he was more or less running the country out of his bathtub with a couple of police secret forces to help. he paid no attention whatsoever to continuing the dynasty. he was completely feckless on this. t
by foreign governments. the cia recognized this in an internal review and acknowledged many of the interrogation techniques were inconsistent with the public policy positions the united states has taken regarding human rights. the united states is understandably subject to criticism when they criticize another nation for engaging in torture and the unjustified same conduct under national security arguments. there are those that defend the techniques of waterboarding, stress positions and sleep deprivation because there was the office of legal counsel which issued a decision of proving of their use because they defined them as not being tortured. those opinions have since been repudiated by legal experts and even if its opinion it relies on a very legal definition of torture but also on factual representations about how the techniques of would be implemented that later proved inaccurate. this is an important context as to how the opinion came about but also as to how policy makers rely upon it. based upon a faeroe view of the available public record we determined that an appl
things that thatcher government did was scrap foreign exchange controls when it came to power in the late 1970s. so absolutely. privatization, eventual greater competition within the previously owned government sectors was a big plus. and obviously one contentious p policy was power between employers and trade unions. arguably now the u.k. has a much better industrial relations record than it did before 1979. >> you have to remember though in the '70s, you and i were doing our homework by candlelight when we had a three-day week. it did need rebalancing from that point of view. takes those lessons from those micropolicies which were successful whether there's some lessons today that need to be drawn by this current government because they are trying to kick-start wider only ownership but thatcher gave people the right to own their own homes but they had to qualify for mortgage on affordable income. >> that's one thing which the thatcher government did particularly in the early to mid 1980s. the big liberalization financial markets. scrapping of competition and credit control happened a lo
incentive to buy many of the things is rising sharply, including foreign bonds. and i think certainly the strength of some of the so-called core markets in europe, like france, for example, the past few weeks, probably greatly are due to the shift in japan's policies and maybe it's also starting to shift a bit into the periphery. against the background of the ecb from what i can see preparing the grounds for possible further move of monetary expansion themselves. >> right. yeah. >> so the peripheral narrowing makes a lot of sense. german yields are at such low levels, i wouldn't want to be rushing to put some of the o'neill trust in there. i think the spread timing going on with it makes a bit of sense. >> it's just interesting, as you say, tu look at what japan is doing and the attention shifting now to not just what they hope to achieve, but whether they'll actually be able to accomplish it. after averaging 0.6% deflation for the last couple of decades, are they going to hit 2%? is there, you know, a reason why people here, after the rallies that we've seen, should be a little bit m
Search Results 0 to 43 of about 44 (some duplicates have been removed)